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Don’t Fight The Rate-Setters? Or Are Stocks ‘The Real Aberration’?
Markets seemingly like the Trump administration's mini-relent on Huawei.
The decision to grant a temporary general license authorizing some transactions with the company and its 68 non-US affiliates (more here) appears to have put the brakes on the selloff in semis - at least temporarily.
The exemption also opens the door for Google to walk back its decision to suspend business ties with Huawei. Google will continue to update software on the company's phones through August. “Keeping phones
This is called muddle up the short term to disguise the longer term trends…..